Overview
About 2,200 small-cap companies across developed Europe, Japan and Asia-Pacific — the international market segment most US portfolios miss entirely.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| 6146 | Disco Corp. | 0.5% |
| BNZL | Bunzl plc | 0.4% |
| 8060 | Canon Marketing | 0.4% |
| III | 3i Group Alt | 0.4% |
| WEIR | Weir Group | 0.4% |
| 9435 | Hikari Tsushin | 0.3% |
| BALN | Baloise Holding | 0.3% |
| CLN | Clariant AG | 0.3% |
| 4739 | Itochu Techno | 0.3% |
| EBS | Erste Group Bank | 0.3% |
Fund Details
Investment Thesis
International small caps are the least-owned major equity segment on earth — under-researched, cheap relative to history, and more exposed to domestic economies than to global trade friction. SCZ owns 2,200 of them in one fund with a 3.5% yield. When international markets re-rate, small caps typically amplify the move, which is exactly what the +24% trailing year delivered.
Who It's For
Diversifiers who already own developed large caps (IDEV, EFA) and want the completion piece, plus value hunters drawn to the segment's discount. Volatility and currency swings come with the territory.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $42.79 | -- |
| 2017 | $55.63 | +30.0% |
| 2018 | $44.50 | -20.0% |
| 2019 | $54.30 | +22.0% |
| 2020 | $62.44 | +15.0% |
| 2021 | $68.06 | +9.0% |
| 2022 | $52.41 | -23.0% |
| 2023 | $59.74 | +14.0% |
| 2024 | $60.94 | +2.0% |
| 2025 | $78.00 | +28.0% |
| Year | Yield |
|---|---|
| 2016 | 2.40% |
| 2017 | 2.20% |
| 2018 | 2.80% |
| 2019 | 2.70% |
| 2020 | 2.00% |
| 2021 | 2.30% |
| 2022 | 3.10% |
| 2023 | 3.10% |
| 2024 | 3.30% |
| 2025 | 3.40% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $6B | -- |
| 2017 | $10B | +66.7% |
| 2018 | $8B | -20.0% |
| 2019 | $10B | +25.0% |
| 2020 | $11B | +10.0% |
| 2021 | $13B | +18.2% |
| 2022 | $9B | -30.8% |
| 2023 | $10B | +11.1% |
| 2024 | $10B | +0.0% |
| 2025 | $13B | +30.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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